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20121201
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higher, a news of rising factory out growth in china. on wall street, stocks ended mixed following news the economy added more jobs than predicted. the unemployment rate fell to a four year low of 7.7%. the dough closed up 81 points on friday while the nasdaq dropped 11 point. president obama and house speaker john boehner met to try to prevent the impending fiscal cliff. the tax hikes and spending cuts due to kick in on january 1st. the main sticking points remain, and cuts to entitlement programs medicare. the president has asked congress to work through the holiday break if no deal is reached before then: the federal reserve is expected to announce an expansion o of their program. they will extend the program of buying $85 billion of securities each month into the the new year. announcement is expected when the bankers meet tomorrow and wednesday. a new survey shows pay for private college presidents continues the upward climb. they studied data from 2010 and median compensation rose to $400,000. that is up nearly 3 personality. that's a -- percent. that's a pretty good paying job th
to social programs like medicare. >>> a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained .5%. tokyo's nikkei shed a fraction. >>> now, you might not know the name but you have seen the unique label that norman woodland developed with another engineer. woodland invented the bar code. now what it is, that rectangle found on about every product we buy in stores. they got a patent for their invention 60 years ago. but the technology to use the bar code was not developed until 1974. norman woodland was 91. let's send it back to you. >> hope he made a couple of bucks with that. >> i'm sure. >>> well, apparently new yorkers will soon be able to hail their taxis just using their phones, right? >> reporter: aha. and new york raising your arm in the middle of the street and yelling taxi! it may soon be passe. the new way to get a cab may be with a smartphone app that's being tested. a passenger would use the app to request a ride. and the first cab driver who responds to the call from his cell phone gets the ride. a similar program is
Search Results 0 to 1 of about 2